UPDATE 2-VW core profit halves,equity holdings boost pretax

Newswire

(Adds detail, analyst comment)
By Nick Tattersall
FRANKFURT, July 25 (Reuters) - Volkswagen AG said on Friday its core profits more than halved in the second quarter on a strong euro, new-product costs and slumping demand, but write-ups on equity investments boosted pre-tax earnings.
Europe's biggest carmaker said its operating profit fell to 616 million euros ($708 million) June from 1.4 billion a year ago, mainly due to lower volumes in the United States, Europe and Brazil and to ...

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